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Focus on Monetary Policy and Inflation

On October 24, the Federal Reserve Bank of San Francisco published a study on the future of cash. It finds that despite the growing popularity of debit and credit cards, cash remains a highly popular method of paying for things.

On October 21, the International Monetary Fund published a working paper examined the contributions of domestic monetary policy and international capital flows to credit booms.

Also on October 21, Morgan Stanley posted a commentary discussing the basic principles of central banking today.

And on October 21, Carnegie Mellon economist Bennett McCallum posted a paper on nominal GDP targeting for the Fed.

On October 19, the U.S. Government Accountability Office published a report raising questions about the lack of diversity among boards of directors of the regional Federal Reserve banks.

On October 18, Federal Reserve chairman Ben Bernanke gave a speech on how the recession has affected central bank doctrine.

In an October 17 speech, Federal Reserve Bank of Chicago president Charles Evans said it would be worth a little more inflation to get the unemployment rate down.

On October 14, the Federal Reserve Bank of Cleveland published a study which found that both inflation and inflationary expectations have been declining all year.

Also on October 14, Goldman Sachs published a report urging the Federal Reserve to adopt a nominal GDP target for monetary policy.

Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column for The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including his new book: The Benefit and the Burden.